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    Forex Trading: Two round number strategies
    Forex Trading: Two round number strategies
    Forex Trading: Two round number strategies
    Ebook34 pages18 minutes

    Forex Trading: Two round number strategies

    By Heikin Ashi Trader

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    About this ebook

    Forex Trading


    Two round number strategies


    Currency markets are known to be dominated by news. But since news is rare, most currency pairs move sideways 80% of the time. In other words, it is very difficult to trade forex profitably with trend strategies. This series about forex trading therefore deals with strategies designed specifically for sideways markets.


    The "round number" in forex is an interesting phenomenon because mostly a lot of orders are waiting here to be executed. Those who study the charts of currency pairs will find that the market often turns at this so-called "round number" and at least temporarily begins to run in the other direction.


    In this first short ebook, Heikin Ashi Trader introduces two simple round number forex strategies. They are easy to understand and easy to implement (even with small accounts). These two strategies are excellent for traders who are looking for forex strategies that can be successfully traded with little analysis.


    Table of Contents


    Introduction


    Strategy 1


    Strategy 2


    Consider Forex Trading as a Probability Game


    More Books by Heikin Ashi Trader


    About the Author


    About the Author


    Heikin Ashi Trader is the pen name of a trader who has more than 18 years of experience in day trading futures and foreign exchange. He specializes in scalping and fast day trading. In addition to this, he has published multiple self-explanatory books on his trading activities. Popular topics are on: scalping, swing trading, money- and risk management.


     

    LanguageEnglish
    PublisherDAO Press
    Release dateJul 25, 2019
    Forex Trading: Two round number strategies
    Author

    Heikin Ashi Trader

    ​Heikin Ashi Trader is the pseudonym of a trader who has over 19 years of experience in day trading futures and currencies. He traded for a hedge fund and then went on his own. He specializes in scalping and fast day trading. His scalping book "Scalping Is Fun!" is an international bestseller and has been sold more than 30.000 times. His books have been translated into 11 languages.

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      Book preview

      Forex Trading - Heikin Ashi Trader

      FOREX TRADING

      Two round number strategies

      Heikin Ashi Trader

      Dao Press

      Table of Contents

      Introduction

      Strategy 1: The round number strategy

      Strategy 2: The Stop Hunting Strategy

      Consider forex trading like a probability game

      More Books by Heikin Ashi Trader

      About the Author

      Imprint

      Introduction

      Anyone who can trade the futures like the E-mini or NQ will be successful in the forex markets, as I always thought. After all, human behavior remains the same at all times and in all financial markets. All you have to do is study it, so that you can develop trading strategies that are universally applicable.

      If this statement is correct in principle, it is equally true that every market has its own characteristics. Traders who trade the same market for years are aware of this. The same patterns occur repeatedly. Their market prepares trends in a specific way. The experienced trader knows (or feels) when to get in or when to stay away.

      If these things also apply to the forex markets to a certain extent, then undoubtedly they have their own peculiarities, which only apply to them. Forex markets are not really markets, because there is no place or central instance where buyers and

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